Accrual Compliance is High Priority

SOX Material Weaknesses are on the rise and the impact of non-compliance is substantial

Source: Accounting Today

Impact of Non-Compliance:

Effort and cost to manage and remediate control deficiencies

Additional samples and increased audit fees
(Internal and External Audit)

More painful controls added to Accounting’s existing workload

Non-compliance requires Board attention

Mitigate accrual risk and misstatements by implementing Gappify’s Accrual Cloud

“Our IT team simply partnered with Gappify to provide SOX appropriate access to our systems. From there, all my team had to do was show up for UAT meetings, map vendors to our chart of accounts, and give the green light for go-live approval. Gappify was one of the easiest software setups I’ve ever completed.”